internal market

internal market

A “market” created within an organisation to drive exchanges of services and competition that would (theoretically) lower prices. The Thatcher (Conservative) government created an internal market system in the NHS in 1990, which pitted the purchasers (GP fund-holders) against the providers (Trusts), to promote competition between providers.

Although the general claim that an internal market is lacking has of course been made before, not least by the Commission, it is only when one employs systematically a 'single market lens' that one begins to realize what a curious and poor construct the EU eComms and digital framework still is today

The article featured key trans-Atlantic negotiators William McDonough, chairman of the newly established PCAOB, and Frits Bolkestein, the former EU Commissioner for Internal Markets, as they succeeded in defusing a potentially explosive situation arising from extraterritorial conflicts in law and regulation by building on new European oversight structures under which the principle of reciprocity could be accepted.

Measures introduced under the Internal Market programme include the removal of internal customs barriers and constraints on capital movements and moves to liberalise tendering procedures for public procurement contracts.

Volatile fuel prices that rose to the highest level since the start of wholesale electricity markets a decade ago and a two percent decline in electric energy consumption were the key factors influencing New England's $12 billion wholesale energy markets last year, according to the 2008 Annual Markets Report prepared by the internal market monitoring unit overseeing the markets administered by ISO New England.

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